Treatt (LON:TET) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Treatt plc (LON:TET – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 223.27 and traded as high as GBX 302. Treatt shares last traded at GBX 301.50, with a volume of 128,844 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on TET. Berenberg Bank reissued a “buy” rating and issued a GBX 270 price target on shares of Treatt in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 248.33.

View Our Latest Report on Treatt

Treatt Stock Performance

The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.87 and a current ratio of 3.39. The firm’s 50 day simple moving average is GBX 250.94 and its 200-day simple moving average is GBX 224.37. The company has a market cap of £178.58 million, a price-to-earnings ratio of 41.90 and a beta of 0.91.

Treatt (LON:TET – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported GBX 3.04 earnings per share (EPS) for the quarter. Treatt had a net margin of 3.40% and a return on equity of 3.22%. The company had revenue of GBX 5,986 million for the quarter. On average, sell-side analysts predict that Treatt plc will post 27.0420792 EPS for the current year.

Treatt Company Profile

(Get Free Report)

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.

Featured Articles